The Impact of Index Futures on Market Efficiency and Volatility of Spot Index: An Empirical Evidence from Emerging Economies (BRICS)

  • Jahanzaib Tarique IQRA University, Islamabad Campus, Pakistan
  • Imran Riaz Malik IQRA University, Islamabad Campus, Pakistan
Keywords: Index futures, GJR-GARCH, GED, BRICS

Abstract

The concern of the impact of introduction of futures markets on the spot market has gained attention of researchers in both developing and developed countries. In this vein, this study investigates the impact of introduction of index futures on the stability aspect of underlying spot markets in BRICS economies. Speci

Published
2020-08-01